CONTENTS

Ⅰ　General Report
1　Shocks of TFP and Labor Productivity: China’s Macro-economic Facts and
　　Long-term Growth／001
　　1. China’s Macro-economic Situation and Problems in 2013-2014／002
　　2. Structural Change: Growth Trends in the Future Five Years (2014-2019)／010
　　3. Analysis on Efficiency Imbalance／017
　　4. Efficiency Compensation Problem: Efficient Supply and the Transformation
　　　　of Growth／023
　　5. Policy Recommendations／032

Ⅱ　Studies on Macro-economy
2　Avoiding Further Deterioration in the Mismatch of “the New Normal”Cycles
　　in China and the U.S. Economies／034
3　Economic Growth, Wealth Accumulation and Income Distribution／047
4　Regulation Policies under the Accumulation of Macro Vulnerability／062
5　Current Situations and Future Development of China’s Outward Investment／092

Ⅲ　Report on Regional Economic Development Prospects
6　An Assessment of Development Prospects of China’s Provincial Regions
　　in 1990-2014: Regional Growth and Differentiation／106

7　Bibliography／313